Natixis Asset Management have been fined a record €35 million by the French regulator the AMF for giving "inaccurate and misleading information" about redemption charges. The company is planning to appeal.
Carsten Kengeter, the CEO of Deutsche Boerse, who is being investigated for purchasing shares in his company shortly before its bid for the LSE was revealed, could avoid prosecution if his employer accepts fines of €10.5 million.
French Prime Minister, Edouard Philippe, has announced new initiatives aimed at attracting bankers and traders post-Brexit. Plans include getting rid of the highest payroll tax rates paid by financial companies and scrapping the tax on intraday trading.
June saw more than €2 billion in notional value traded on Bats Europe's LIS block trading platform. The MiFID compliant system was only launched 4 months ago but already has 85 buy-side companies connected.